Guideline Value for Arlington County Phase - IV

Arlington County Phase - IV guideline value

The current guideline value for Arlington County Phase - IV is Rs 1,344 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Mixed Type - III land.

How the guideline value of Arlington County Phase - IV has changed

The guideline value for Arlington County Phase - IV has seen significant changes over the years. The 2017 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 1,344 per sq.ft. The 2024 revision also maintains this figure, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase as well, reflecting the same value across the last two revisions. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Arlington County Phase - IV is above this median.

• Arlington County Ph.I: Rs 900 per sq.ft (2024)
• Arlington County Ph.I Extension: Rs 900 per sq.ft (2024)
• Arlington County Ph.II: Rs 900 per sq.ft (2024)
• Arul Avenue: Rs 300 per sq.ft (2024)
• Arakkonam Salai: Rs 900 per sq.ft (2024)
• APMS Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Arlington County Phase - IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,344 per sq.ft, the total guideline value would be Rs 13,44,000. The stamp duty at 7% would amount to Rs 94,080, and the registration fee at 2% would be Rs 26,880, totaling Rs 1,20,960. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arlington County Phase - IV?

The Sub Registrar Office that covers Arlington County Phase - IV is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mevaloorkuppam

The guideline value is an essential factor in property transactions in Mevaloorkuppam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of a property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process aids in maintaining transparency in real estate transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Arlington County Phase - IV?

The current guideline value for Arlington County Phase - IV is Rs 1,344 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,344 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 900 per sq.ft in 2017 to 2023.

What are the guideline values for other streets in Mevaloorkuppam?

Other streets in Mevaloorkuppam have varying guideline values. For example, Arlington County Ph.I, Ph.I Extension, and Ph.II are all at Rs 900 per sq.ft, while Arul Avenue is at Rs 300 per sq.ft.

What fees are associated with property registration?

Stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, on a property valued at Rs 13,44,000, the total fees would be Rs 1,20,960.

Where can I find the Sub Registrar Office for Arlington County Phase - IV?

The Sub Registrar Office for Arlington County Phase - IV is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.